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- Magnum Mining & Exploration (MGU) has announced Matt Latimore as the company’s newest director
- Matt will take over from Hugh Callaghan, with the now former director announcing his resignation on Tuesday
- Along with the shake-up in leadership, the company also announced plans today to potentially raise additional capital
- MGU shares were placed in a trading halt today, with the halt set to last until Thursday, May 6
- By that date, a full announcement setting out the details of the raise should have been released
- Before the trading halt, shares in Magnum Mining & Exploration were trading for 15.5 cents
Magnum Mining & Exploration (MGU) has announced a raft of news, including the appointment of Matt Latimore as the company’s newest director.
The new leader is the Founder and President of M Resources, a steelmaking raw materials company, as well as the Executive Director at Bowen Coking Coal (BCB).
Matt will take over from Hugh Callaghan, who announced his resignation on Tuesday as well.
In a statement, the company said Hugh has “advised that he is unable to find the required time to devote to this role.”
Meanwhile, along with the shake-up in leadership, Magnum also announced plans today to raise additional capital.
MGU shares were placed in a trading halt before market opened on Tuesday, with the halt set to last until Thursday, May 6.
By that date, a full announcement setting out the details of the raise should have been released to the market.
Before today’s trading halt, shares in Magnum Mining & Exploration were trading for 15.5 cents per share on Monday, May 3.
